VAT changes

The ordinance on the increase in VAT rates for the additional financing of the AHV comes into force on January 1, 2024.

This means that the following VAT rates will apply from January 1, 2024:

The standard rate is now 8.1% (previously 7.7%)

The special rate for accommodation is now 3.8% (previously 3.7%)

The reduced rate is now 2.6% (previously 2.5%)

SwissSalary works with the VAT product posting groups from the Business Central standard. The need for manual adjustment therefore depends on whether the percentage rate is adjusted for the existing VAT product posting groups or whether new VAT product posting groups are created.

If the adjustment is made via the existing VAT product posting groups, no additional steps are required on the part of SwissSalary. However, if new VAT product posting groups are created for the new percentages, these must be entered in the respective wage types accordingly.

If you have any additional questions, please contact your Dynamics 365 partner.